JPMorgan Chase Reviews in New York City, NY Area

Pros

Professional, respectful, team, atmosphere, job growth

Cons

Long hours, difficult to openness

Advice to Senior Management

Look for more people in mid-management roles to advance to the top.

Pros

Solid, dependable bank. Good management inside the investment bank even in a tough year. Compensation is higher with less deferred than some other banks.

Cons

It is a big bank with a big bureaucracy to feed and support. There are some annoyances associated with that (stupid, poorly enforced rules for example).

Advice to Senior Management

Remember to stay out of the way of people getting the work done. The "organizational announcement" emails about people doing abstract things at way above our pay levels gets old really quick and makes me think layers of bureaucracy are growing above my head faster than I can possibly climb.

Pros

The best reason would be that the firm offers excellent Medical, 401K 5% matching and Retirement plan. Beginning this year, the company is concern about employee moral.

Cons

You have to ask "special questions" to find out about the customer lifestyle so you know which products to recommend to them at the end of the conversation. It's very slick how we are trained. The customer thinks you're showing interest in them. But the goal is to sell them more and more of Chase products (which is a great marketing scheme)

Advice to Senior Management

The training is well put together, they really train and motivate you to do better and better. But, it can be pushy at times. Management need to back off a little and give employees room to grow.

Pros

opportunities for chcange in roles, large company brand

Cons

lateral job moves, hard to move up pay scale if staying at JPMorgan long term

Advice to Senior Management

Better reviews of people pipeline

Pros

Great opportunities for career advancement. Extensive resources available for professional development. Culture is very inclusive and welcoming, though still competitive.

Cons

A very large organisation means that it can be difficult to see the direct result of the work that you do. Very structured and laboured approach to risk.

Advice to Senior Management

Management is outstanding. Workflow could be improved by streamlining the way in which approval is given for risk taking activities.

Pros

You want to work in a very structured, large organization. You enjoyed to be a small fish in the big pond.

Cons

Sometimes is very hard to get your opinion across because the size of the organization prevents you from doing so.

Advice to Senior Management

Try to look at each individual with a brand new perspective, and not to stick a "typical" good analyst into everyone's case.

Pros

Challenging work environment but one which rewards performance with greater responsibility. The firm is currently the most stable place to work on Wall Street.

Cons

Work life balance is pretty much non-existent. Everyone is working harder for the same or less compensation. 'Cost centers' such as IT are not appreciated/rewarded nearly on par as the business whom they empower.

Pros

Lots to learn in his international behemoth.

Cons

So many employees, individual talent is diluted.

Pros

Great co-workers, good place to work if your still in college or want a career in sales.

Cons

Career mobility outside of retail banking environment is very difficult.

Advice to Senior Management

Assist co workers in there career mobility, no matter what department or career path they choices.

Pros

With Chase on your resume, you are considered bankable. They might pay for you to get your license (series 6, 63 and Life) if they find you worthy ( use to send you for them before you start working in the branch). You will be thoroughly trained and equipped with tools and knowledge for your job.

Cons

Company cares more about share holders and a profit than employees. The base salary is very low compared to other bank and they'll tell you with the incentive plan you can make six figures. True for very few, location or luck will decide if you do (don't be fooled). You'll max out on your salary at 42K and max bonus is usually about 1K for the year. Chase will be your life and you are required to bleed blue and put the company first above all. It's a high pressure role in an higher stress sales environment with unrealistic goals with overbearing managers. Employee turn over is vey high and unless you're a top producer/seller, your shelve life is about 6 months to a year. If you can sell water to the well, have no morals or ethics, this job is for you and don't worry about wants best for the customers, think about how you can get paid off them....sell sell sell!!! This is the culture for bankers.

Advice to Senior Management

They really need to offer a better salary, hired better quality employees and offer more internal promotions. Treat employees better so they can treat their customers better. Customer service should be the gateway to sales not if I can sell you something the I'll offer my services.